[2019-1-27]Apple Co-Founder Steve Wozniak Declares He Sold All His BTC Holdings

[herminio]

Apple Co-Founder Steve Wozniak Declares He Sold All His BTC Holdings at $20,000 Peak

Apple co-founder Steve Wozniak has said that he sold all of his Bitcoin (BTC) when the currency hit $20,000 in December 2017. Financial media outlet Business Insider Nordic reported on Wozniak’s comments on Jan. 24.

Speaking at the Nordic Business Forum in Stockholm, Sweden, Wozniak said that he first bought an undisclosed quantity of Bitcoin when the crypto was at about $700 because he “wanted to experiment with it.” He then explained what he planned to do with it:

“My goal was to travel to a place like Stockholm, and go to restaurants and hotels that only accept bitcoin, and only use bitcoin when I travel.”

Wozniak concluded that he has “never been into money in any way” before disclosing “I've never used Apple's stock app, I don't buy and sell stock.” Furthermore, as Cointelegraph reported in June last year, Wozniak said that “only Bitcoin is pure digital gold” in an interview, reaffirming his belief in the cryptocurrency despite having already sold most of his holdings at the time.

Even when he described blockchain as a bubble resembling that of the dotcom era during the same month, Wozniak still pointed out that Bitcoin is “just amazing.” Moreover, in October 2018, Wozniak also announced that he was co-founding EQUI Global, a blockchain-focused venture capital fund.

Source: https://cointelegraph.com/news/apple-co-founder-steve-wozniak-declares-he-sold-all-his-btc-holdings-at-20-000-peak

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[carlfebz2]

All of his money earned on that 2017 year end bull run is being used with that EQUI global. I doubt he do still have BTC on his stash but not really much.
The thing he do made right is to get out on sell off on the right time when btc price hits 20k. Even he done such thing he still positive with BTC true value and potential.

[figmentofmyass]

Apple co-founder Steve Wozniak has said that he sold all of his Bitcoin (BTC) when the currency hit $20,000 in December 2017. Financial media outlet Business Insider Nordic reported on Wozniak’s comments on Jan. 24.

he's telling us now, a year later, that he sold at the very top? when traders say that kinda shit, i usually assume they're lying.

anyway, good on him if true. when i saw the headline, i was hoping he had just sold. after all, the more people that think bitcoin is dead, the closer we probably are to the end of the bear market.

[davis196]

Nobody knew that Steve Wozniak was holding bitcoins.
I can't tell,if he is lying or no,but what's the point of lying about this right now?
Perhaps other tech legends own bitcoin,but we know nothing about it.What if Bill Gates,Sergey Brin or Zuckerberg own bitcoin?

[Lucius]

he's telling us now, a year later, that he sold at the very top? when traders say that kinda shit, i usually assume they're lying.

This is actually about old news which is for some reason (lack of real news), re-releases to the public. I remember reading this news about a year ago, and just by checking with Google we can find article from Feb 2 2018 saying : Apple co-founder Steve Wozniak bought bitcoin at $700—and cashed out when the price shot up.

In addition to poor journalism it should also be added that Cointelegraph is Roger Ver platform for the spread of bad news about BTC. With the way of linking co-founder of Apple and selling some of his BTC, they want to say how some big players run away from BTC.

I think this kind of journalism has touched its bottom for sure, serving old news has become something usual. What's more strange in this that people do not check almost anything, so year from now maybe Steve Wozniak story will be new news again.

[gentlemand]

he's telling us now, a year later, that he sold at the very top? when traders say that kinda shit, i usually assume they're lying.

anyway, good on him if true. when i saw the headline, i was hoping he had just sold. after all, the more people that think bitcoin is dead, the closer we probably are to the end of the bear market.

'Of course you did, dear' was my thought too. However someone that ancient and experienced is going to have a better idea of what a bubble peak looks and feels like.

All the same since it was at that price level for a a few hours at best he truly is the Jedi we deserve.

According to him.

[veleten]

yeah, good for him
somehow people seem very sceptical about his amazing skills at trading
especially seing that 20.000$ level was a very brief one and not at all exchanges either

[tmfp]

There'a thing in Britain calling itself "Lady Mone of Mayfair."
No, it's not a high class hooker (to the best of my knowledge) but a "bra tycoon" according to the redtop press, who has decided to hitch her hype wagon to crypto.
According to a deleted tweet about herself, she's also "one of the biggest experts in Cryptocurrency and Blockchain", and ran a disastrous ICO under the name of EQUI which fell apart amongst much exaggeration and rancour.
Anyway, she refers to Wozniak as her

business idol since she was a teenager

and, for reasons best known to himself, one trick pony Woz has teamed up with her and her partner (who are also busy flogging Dubai apartments for Bitcoin [sort of]) in EQUI so, watch this space.

https://ftalphaville.ft.com/2018/09/03/1535947200000/The-baroness--the-ICO-fiasco--and-enter-Steve-Wozniak-/

https://ftalphaville.ft.com/2018/10/24/1540393325000/Is-Baroness-Mone-s-true-idol-Steve-Wozniak-or-Sylvester-Stallone--/



 

[BitHodler]

Reminds me of how noobs usually react afterwards.

After the peak: I sold near the top.
After the bottom: I bought back everything at the very bottom.

In reality they burned themselves hard. People's reactions are quite funny when things don't go their way. Everything better than looking like the fool who didn't sell or buy whenever the opportunity presented itself.

He was better off using his Bitcoins to open a massive short position around the peak and have himself earn way more coins on the way down. He is a true believer of the technology after all, right? Right?.... Lol.

[Betwrong]

He never mentioned how much BTC he had in the first place. Woz's net worth is estimated to be around US$100 million currently, and I doubt he earned even $100 thousand by selling all of his BTC at the peak price (if he did that at all). Apparently, there's nothing to boast about for him lately, and it's a pitiful sight, frankly speaking.

[coolcoinz]

he's telling us now, a year later, that he sold at the very top? when traders say that kinda shit, i usually assume they're lying.

anyway, good on him if true. when i saw the headline, i was hoping he had just sold. after all, the more people that think bitcoin is dead, the closer we probably are to the end of the bear market.

'Of course you did, dear' was my thought too. However someone that ancient and experienced is going to have a better idea of what a bubble peak looks and feels like.

All the same since it was at that price level for a a few hours at best he truly is the Jedi we deserve.

According to him.

I bet in reality he sold in waves somewhere between 10 and 20k and is now boasting about selling at 20k. Assuming that his investment wasn't small, probably a few million USD, he had 3 times more to cash out. Managing to do it at exactly 20k would be extremely difficult.

When I see these stories I always think: his choice, I wouldn't do it. I had even cheaper coins than Wozniak and could sell at 20k and then at 10k, then at 6k, but I kept them away from exchanges because I don't want to become the target for gov puppets. Strong hand is what matters. When we hit 50k I'll have clean coins that were never near centralized KYC platforms like Coinbase. Let fiat worshipers do their thing, i'll be doing my thing.

[1Referee]

He never mentioned how much BTC he had in the first place. Woz's net worth is estimated to be around US$100 million currently, and I doubt he earned even $100 thousand by selling all of his BTC at the peak price (if he did that at all). Apparently, there's nothing to boast about for him lately, and it's a pitiful sight, frankly speaking.

These are the types that usually speak out because they like the idea of Bitcoin, own a couple of Bitcoins at most for testing purposes, and that's really it.

“My goal was to travel to a place like Stockholm, and go to restaurants and hotels that only accept bitcoin, and only use bitcoin when I travel.”

You don't need more than a couple of Bitcoins for that.

I have nothing against Steve, but he's not doing anything for Bitcoin, so he's not going to be missed. It's more what I call a hype surfer. One day it's Bitcoin he's cheering for, the next day it's a completely different piece of tech. I'm certain that he considers the S&P a better long term investment tool than Bitcoin itself.

Good riddance.

[Betwrong]

He never mentioned how much BTC he had in the first place. Woz's net worth is estimated to be around US$100 million currently, and I doubt he earned even $100 thousand by selling all of his BTC at the peak price (if he did that at all). Apparently, there's nothing to boast about for him lately, and it's a pitiful sight, frankly speaking.

These are the types that usually speak out because they like the idea of Bitcoin, own a couple of Bitcoins at most for testing purposes, and that's really it.

“My goal was to travel to a place like Stockholm, and go to restaurants and hotels that only accept bitcoin, and only use bitcoin when I travel.”

You don't need more than a couple of Bitcoins for that.

That's what I think too. He said it himself that he bought BTC, when the price was $700 per coin, in order to "experiment with it." So, most likely, he bought 5-6 BTC, not more than that. And even if he sold it when the price was $20,000 per 1 BTC, the profit was negligible compared to his net worth at the time.

I'm certain that he considers the S&P a better long term investment tool than Bitcoin itself.

If it was otherwise, he would be buying BTC these days, not boasting that he sold all of it. Although I read somewhere that he said he's not into money, I normally don't believe in such claims.

[gentlemand]

Although I read somewhere that he said he's not into money, I normally don't believe in such claims.

When you already have a veritable mountain of it it's rather easier to make such claims. I'm sure Ronald Wayne, the guy who sold his 10% stake in Apple for $800, feels a little differently about it.

[Harlot]

So what is the point of this news? Make people who are at a loss feel more bad about what they are holding? If he shut his mouth for a whole year I just wished that he shut his mouth forever, there is really no point on telling this kind of story not unless you want to make other people feel sorry for their mistakes. He talking about being "never interested in money" yet he is talking about spending his Bitcoins in a bitcoin only payment hotel and restaurant as well as selling it at its ATH says the other way around.

[onrise]

He never mentioned how much BTC he had in the first place. Woz's net worth is estimated to be around US$100 million currently, and I doubt he earned even $100 thousand by selling all of his BTC at the peak price (if he did that at all). Apparently, there's nothing to boast about for him lately, and it's a pitiful sight, frankly speaking.

It is also quite possible that he might have sold at much lesser price but now telling he sold at all time high of 20k. Good for him if he was able to manage to sell at right time before the market started to crash and would have invested all the money in his new venture.

[eaLiTy]

As some pointed out this is a really old news, since there is no other news all the media is circulating this old news, if i remember correctly it was a casual question being asked to Wozniak and he responded that he sold his coins when the market was high and he purchased it when the price was $700.
He is always bullish on bitcoin from the start and he was part of some start ups. I am not sure why Wozniak selling his coins is such a big news, there are many people selling on a daily basis.

[Lucius]

I am not sure why Wozniak selling his coins is such a big news, there are many people selling on a daily basis.

The reason is very simple, he is co-founder of Apple and you, me or any other ordinary mortal who buys or sells BTC is not interesting to anyone, especially to the media. There are also people who enjoy being in the public, and Wozniak is one of them - saying that he is sold all his BTC at some point, he again attracted the attention of the media, and they are just wait people like Wozniak, Gates, Buffett or Musk to open their mouth and say something sensational about BTC.

Would it be the news if Wozniak say : I bought one Bitcoin for $ 700, and I sold it for 20 000$ ?

He is also became known for stolen 7 BTC when he try to sell them through a credit card, which is only show how smart he is.

Steve Wozniak had $70,000 in bitcoin stolen after falling for a simple, yet perfect, scam

[Slow death]

[...]

In this picture we can see better:



Source: https://equiglobal.com/meet-the-team.html

I remember an article that I read a long time ago, where someone asked why "BARONESS MICHELLE MONE" called himself a crypto expert when she only recently had contact with crypto.


Why the hell the news channels worry about what Steve Wozniak did with his bitcoin? The crypto community is too big to be afflicted with the guesses, actions and opinions of just one person

[snipie]

Why the hell the news channels worry about what Steve Wozniak did with his bitcoin? The crypto community is too big to be afflicted with the guesses, actions and opinions of just one person

They are inciting people to leave the boat like the rich cowards already did at bitcoin price ATH...
He made almost 300% pure revenue with bitcoin alone, great strategy from him!

[pixie85]

I remember an article that I read a long time ago, where someone asked why "BARONESS MICHELLE MONE" called himself a crypto expert when she only recently had contact with crypto.


Why the hell the news channels worry about what Steve Wozniak did with his bitcoin? The crypto community is too big to be afflicted with the guesses, actions and opinions of just one person

In this space everyone is an expert. Check out some of those youtubers who do TA and stuff. All of them talk like they're some kind of experts and they know what is going to happen with Bitcoin and how long the bear market is going to last. Most of these people started their channels in the last bull market and this is the first Bitcoin cycle they're seeing.
When you're rich you your self esteem rises to the point where you become an expert on everything you touch. The best jokes are made of rich people talking about the financial situation of the poor.

[Taki]

He must be that face who began all this domino falling down from 20000$ to current 3000 and something, meanwhile when prognoses for crypto were 50000$. I do not know for sure, but I think he will be one of the first and huge investors when bitcoin will face its bottom. And he will sell again when the price will be suitable to him. Nice strategy Steve!

[BLAST2MARS]

Another FUD and recycled post. If you guys saw that they did sell their tokens in December then that is nothing news and we should move on. Just think that he had his moment and the next bull run is ours so don't let your spirits down and make him an inspiration who holds for a long time.

[bhadz]

Another FUD and recycled post. If you guys saw that they did sell their tokens in December then that is nothing news and we should move on.

The point is to make other investors feel bad for what he and others did. Posting this on the times of downness would give the remaining people a bad feeling and regret that they never sold during the all time high. Yes it might not be a news but these medias keeps on pushing the people to have that kind of feeling which leads them to sell so that they can buy more of it before the another bull run.

Just think that he had his moment and the next bull run is ours so don't let your spirits down and make him an inspiration who holds for a long time.

Inspiring everyone that even these rich people has to sell if there's profit in it.

[milewilda]

Another FUD and recycled post. If you guys saw that they did sell their tokens in December then that is nothing news and we should move on.

The point is to make other investors feel bad for what he and others did. Posting this on the times of downness would give the remaining people a bad feeling and regret that they never sold during the all time high. Yes it might not be a news but these medias keeps on pushing the people to have that kind of feeling which leads them to sell so that they can buy more of it before the another bull run.
...

Making FUD aren't really gonna help in the situation of the market right now but i agree with you that these medias are making a story just to make money. Does this news owners doesn't care about of their reliability if they get caught making recycled or even fake stories?

If i were these weak-handed people, i would rather not go on the news but look the chart to see the difference of pump and dump. They will figure it out soon once they know that there is a manipulation.

[bhadz]

Another FUD and recycled post. If you guys saw that they did sell their tokens in December then that is nothing news and we should move on.

The point is to make other investors feel bad for what he and others did. Posting this on the times of downness would give the remaining people a bad feeling and regret that they never sold during the all time high. Yes it might not be a news but these medias keeps on pushing the people to have that kind of feeling which leads them to sell so that they can buy more of it before the another bull run.
...

Making FUD aren't really gonna help in the situation of the market right now but i agree with you that these medias are making a story just to make money. Does this news owners doesn't care about of their reliability if they get caught making recycled or even fake stories?

If i were these weak-handed people, i would rather not go on the news but look the chart to see the difference of pump and dump. They will figure it out soon once they know that there is a manipulation.

It won't help if you're sole purpose is to make the market better. But for these folks that has large capacity and high capital to play with the market, they can do whatever they want such as pushing it for massive adoption or sending the community bad news or opinions regarding the current situation of bitcoin. We can't stop the weak handed people for buying such opinions as they admire Steve and other successful people and was known who made riches.

[BitHodler]

If i were these weak-handed people, i would rather not go on the news but look the chart to see the difference of pump and dump. They will figure it out soon once they know that there is a manipulation.

People don't consider themselves weak handed, and I'm pretty sure that they don't understand what the charts indicate other than the price itself either. They are easy targets for news outlets, because they click on anything.

People's problem here is that they overestimate themselves, and underestimate the market. If the price isn't going up, they claim that the market is being manipulated by institutions and whatnot.

I have been trying to figure out what the manipulation is that people refer to, but haven't seen anything actually indicating that. Most of the massive dumps aren't whale dumps, but stop losses triggering each other....